SMIC, China’s largest chip maker, has entered into an agreement with Shenzhen government to build a new wafer fabrication plant in the country. The news arrives as the world suffers from a major … (…
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SMIC and Shenzhen government to invest $2.35 billion in building new foundry in China
North Korean Threat Forces Biden Into Balancing Act With China
Washington’s recent attempts to communicate with Pyongyang were rebuffed, leaving American officials to appeal to countries in the region to help pressure North Korea. ( read original story …)
Biden officials poised to confront China over ‘long list’ of contentious issues in first face-to-face meeting
A raft of contentious issues will dominate the Biden administration’s first face-to-face meeting with Chinese diplomats, set for Thursday in Alaska. ( read original story …)
China’s top chipmaker to build a $2.35 billion plant with government funding
SMIC is key to China’s plans to boost self-sufficiency in the semiconductor industry amid tensions with the U.S. ( read original story …)
Chinese communications firms in the US face more pressure under Biden administration
“The administration is firmly committed to taking a whole-of-government approach to ensure that untrusted companies cannot misappropriate and misuse data and ensuring that US technology does not … ( read original story …)
China stocks downgraded by BCA Research on ‘non-trivial’ risk of policy overtightening
The downside risks to China’s cyclical growth trajectory are non-trivial, potentially threatening the economy and corporate profits, according to BCA Research. The trillion-dollar market correction … ( read original story …)
Top China Chipmaker Gets Government Funds for $2.4 Billion Plant
Semiconductor Manufacturing International Corp. will build a $2.35 billion plant with funding from the government of Shenzhen, the first major project to emerge from China’s masterplan to match the … ( read original story …)
Georgia shootings suspect in court, US-China talks, NCAA Tournament: 5 things to know Thursday
The suspect in the Georgia spa shootings will appear in court, the NCAA Tournament is set to begin and more news to start your Thursday. ( read original story …)
China Slams Xiaomi-Backed Online Lender XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…
China’s DMall hires three banks for over $500m US IPO – sources
Chinese e-commerce platform Dmall (Beijing) E-commerce Co has hired Bank of America, Goldman Sachs and JPMorgan for a U.S. initial public offering of over $500 million, three people with direct … ( read original story…
China’s DMall hires three banks for over $500 million U.S. IPO: sources
E-commerce Co has hired Bank of America, Goldman Sachs and JPMorgan for a U.S. initial public offering of over $500 million, three people with direct knowledge told Reuters. The six-year-old company, … ( read original…
Chinese economy: Beijing’s war on the credit boom
A campaign led by vice-premier Liu He to reduce the danger of uncontrolled lending could strangle the private sector … ( read original story …)
Beijing seeks more information on VanEck China ETF plans
China’s fund regulator has requested “explanations” from VanEck over its ETF plans in a communication that appears to mark a departure from Beijing’s previous stipulation … ( read original story …)
